Gold Rejected at the Declining Trendline Here Comes the Pullback
Pair: $XAU /USDT
Direction: SHORT
Leverage: 5x
Entry Zone: 4157.00 – 4163.00
Take Profit:
- TP1: 4136.61 +5%
- TP2: 4120.85 +9%
- TP3: 4097.20 +15%
Stop Loss: 4191.77
Chart Structure:
- Gold rallied from ~4100 to a 4215 high, but was decisively rejected right at the declining MA99 (purple) trendline, which has acted as resistance throughout this move
- After the rejection, price dropped sharply before bouncing back to retest the broken structure near current levels (~4160) a classic retest-of-broken-support turned resistance
- RSI 14 spiked near 60 during the rally and has since cooled into the low-40s, showing momentum has clearly shifted since the rejection
- MACD crossed bearish after the high, with the histogram still red, though it's beginning to flatten early signs of stabilization but the downside bias remains intact
- Price is consolidating just under the MA7/MA25 cluster, which is now acting as a lid after the breakdown
- Stop is placed above the recent rejection high and the MA99 trendline, capping risk if gold reclaims the trend
$XAU
Pair: $XAU /USDT
Direction: SHORT
Leverage: 5x
Entry Zone: 4157.00 – 4163.00
Take Profit:
- TP1: 4136.61 +5%
- TP2: 4120.85 +9%
- TP3: 4097.20 +15%
Stop Loss: 4191.77
Chart Structure:
- Gold rallied from ~4100 to a 4215 high, but was decisively rejected right at the declining MA99 (purple) trendline, which has acted as resistance throughout this move
- After the rejection, price dropped sharply before bouncing back to retest the broken structure near current levels (~4160) a classic retest-of-broken-support turned resistance
- RSI 14 spiked near 60 during the rally and has since cooled into the low-40s, showing momentum has clearly shifted since the rejection
- MACD crossed bearish after the high, with the histogram still red, though it's beginning to flatten early signs of stabilization but the downside bias remains intact
- Price is consolidating just under the MA7/MA25 cluster, which is now acting as a lid after the breakdown
- Stop is placed above the recent rejection high and the MA99 trendline, capping risk if gold reclaims the trend
$XAU
